3Oct

Singapore Stocks Watch : Singapore shares end higher on Wednesday

SINGAPORE shares shut higher on Wednesday, with the Straits Times Index up 0.8 for each penny or 24.75 focuses to close at 3,267.4.

Around 1.55 billion offers worth S$907 million altogether changed hands, which worked out to a normal unit cost of S$0.58 per share.

Gainers dwarfed failures 229 to 155.

The most effectively exchanged stock was SinoCloud Group, which fell S$0.001 to S$0.001 with 151 million offers evolving hands.

Different actives included ThaiBev and Golden Agri-Resources.

Singapore’s Equis Group appoints Damian Secen as partner


Singapore-headquartered Asia-centered foundation private value supervisor Equis Group has delegated previous senior overseeing executive of Macquarie’s framework division DamianSecen as accomplice, it reported in a discharge. Secen has put in near 18 years at Macquarie working in their foundation assets and warning organizations in Australia, Europe, Asia and North America. Most as of late, he drove the framework and genuine resources group situated in New York. Before that, he was head of foundation and utilities for the Australian market. “We are pleased that Damian has consented to join Equis.

He brings an abundance of framework and assets administration involvement in both created and creating markets,” said David Russell, Partner and Co-Founder of Equis remarked. As of late, Equis Group likewise enlisted another accomplice, Mark Warner, to assume responsibility of administration elements of Equis, essentially raising support. Equis centers around creating and overseeing vitality and foundation resources through Equis-controlled neighborhood improvement, development, administration and operational groups.

3Oct

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola. The 15-member Organization of the Petroleum Exporting Countries pumped 32.85 million barrels per day in September, the survey on Monday found, up 90,000 bpd from August’s revised level and the highest this year.
  • Husky Energy Inc’s (TO:HSE) hostile bid for MEG Energy Corp (TO:MEG) reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky’s chief executive said on Monday. Husky’s cash and stock offer, announced on Sunday, would combine MEG’s heavy oil production with Husky’s output, pipeline space and refineries, in a deal valued at C$6.4 billion.
  • China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States. Earlier in July, China reduced import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products to fulfil pledges to further open China’s consumer market.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Qatar has started proceedings against Saudi Arabia at the World Trade Organization (WTO), accusing it of intellectual property rights violations, Qatar’s economy ministry said on Monday. Part of Qatar’s concerns involve the blocking of Qatari broadcaster beIN in Saudi Arabia, the ministry said on its website, and accused Riyadh of refusing to take effective action against the piracy of beIN content in the kingdom.
  • Italian Finance Minister Giovanni Tria said on Monday he would seek to reassure his euro zone counterparts about Italy’s budgetary plans, adding that the country’s debt to GDP ratio will decline. “I will try to explain what is happening and our budgetary plans,” Tria told reporters. Asked about Italy’s budget debt, he replied: “Debt to GDP will go down.”
  • The Conservatives are meeting for day two of their annual conference in Birmingham, with the party divided on Theresa May’s blueprint for Brexit. Large parts of it have also been rejected by the European Union and according to a senior British official, the government is preparing to make a significant offer to the bloc to try to unlock negotiations.

COMEX GOLD SIGNAL

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2Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola. The 15-member Organization of the Petroleum Exporting Countries pumped 32.85 million barrels per day in September, the survey on Monday found, up 90,000 bpd from August’s revised level and the highest this year.
  • Husky Energy Inc’s (TO:HSE) hostile bid for MEG Energy Corp (TO:MEG) reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky’s chief executive said on Monday. Husky’s cash and stock offer, announced on Sunday, would combine MEG’s heavy oil production with Husky’s output, pipeline space and refineries, in a deal valued at C$6.4 billion.
  • China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States. Earlier in July, China reduced import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products to fulfill pledges to further open China’s consumer market.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Qatar has started proceedings against Saudi Arabia at the World Trade Organization (WTO), accusing it of intellectual property rights violations, Qatar’s economy ministry said on Monday. Part of Qatar’s concerns involve the blocking of Qatari broadcaster beIN in Saudi Arabia, the ministry said on its website, and accused Riyadh of refusing to take effective action against the piracy of beIN content in the kingdom.
  • Italian Finance Minister Giovanni Tria said on Monday he would seek to reassure his euro zone counterparts about Italy’s budgetary plans, adding that the country’s debt to GDP ratio will decline. “I will try to explain what is happening and our budgetary plans,” Tria told reporters. Asked about Italy’s budget debt, he replied: “Debt to GDP will go down.”
  • The Conservatives are meeting for day two of their annual conference in Birmingham, with the party divided on Theresa May’s blueprint for Brexit. Large parts of it have also been rejected by the European Union and according to a senior British official, the government is preparing to make a significant offer to the bloc to try to unlock negotiations.

COMEX GOLD SIGNAL

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2Oct
o.453964

Epic Research| EUR/USD Technical Analysis

EUR/USD TECHNICAL STRATEGY: SHORT AT 1.1708

  • Euro counter-incline line crush implies down move spirit in play
  • RSI difference insights remedial bounce back might be likely to work out
  • Short exchange play, negation on a break above mid-1.18s

The Euro separated against the US Dollar in the wake of setting up the best close to the 1.18 figure, obviously. A break underneath help directing the rise from mid-September activated reentry short EUR/USD at 1.1708. Costs have since slowed down close to the 1.16 check, with the development of positive RSI dissimilarity indicating at ebbing drawback energy that may go before a bob.

10-2-1

That need not be so fundamentally. RSI uniqueness can stamp a time of solidification before downtrend resumption. Regardless, a glance at the day by day outline proposes any close term increases might be minimal in excess of an adjustment with regards to a break underneath counter-drift bolster characterizing the rise from mid-August lows. A day by day close over the 1.1815-52 region is most likely expected to contend something else.

10-2-2

In light of that, the short position will stay in play through whatever close term additions may appear, searching for more extensive shortcoming to re-rise from there on. A break beneath help in the 1.1510-1.1554 zone or a substantive-enough recuperation toward opposition over 1.18 to reset hazard/compensate parameters (and appropriately pursued by bearish resumption affirmation) will be assessed as chances to scale up the presentation.

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1Oct

Singapore shares end flat on Monday 1 October 2018

SINGAPORE shares shut flat level on Monday, with the Straits Times Index down 1.59 focuses to 3,255.46.

Around 1.05 billion offers worth S$765 million altogether changed hands, which worked out to a normal unit cost of S$0.73 per share.

Gainers dwarfed failures 222 to 159.

The most effectively exchanged stock was Ezion Holdings, which rose S$0.001 to S$0.075 with 129.9 million offers evolving hands.

Different actives included Nico Steel and SinoCloud Group.

Singapore’s capacity framework ‘a standout amongst the most dependable’ on the planet: Koh Poh Koon

With every purchaser encountering a normal power interruption of 12 to 45 seconds yearly somewhere in the range of 2013 and 2017, Singapore has a standout amongst the most dependable and reasonable power frameworks on the planet, pronounced Senior Minister of State for Trade and Industry Koh Poh Koon.

Interestingly, the normal disturbance experienced by customers in other real urban areas, for example, Tokyo, New York, Hong Kong and London went somewhere in the range of 4 and 34 minutes in 2015, uncovered Dr Koh on Monday (Oct 1). He was reacting to questions tabled by Members of Parliament (MPs) on the reason for the huge pre-day break power outage on Sep 18.

Not exclusively does the Republic have one of the world’s most dependable and reasonable power framework, yet Dr Koh additionally included that the advancement of the power advertise has not influenced the dependability of power supply.

On Sept 21, the Energy Market Authority (EMA) declared the across the country rollout of the Open Electricity Market activity, which will enables purchasers to pick a power retailer of their decision from Nov 1, following a fruitful pilot in Jurong.

“Actually, our power segment depends on both administrative powers and market motivations to keep age organizations on their toes. Age organizations that don’t keep up their sets will lose piece of the pie and face administrative activity by EMA,” Dr Koh included.

EMA likewise directs the foundation arranging and upkeep administration of national framework administrator SP PowerGrid to enhance framework unwavering quality and limit interruptions, noted Dr Koh.

1Oct

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were slightly higher on Friday, but still remained near a six-week low as the greenback continued to rally from the Federal Reserve’s interest rate hike and strong economic data. Comex gold futures for December delivery inched up 0.20% to $1,189.80 a troy ounce as of 9:22 AM ET (13:22 GMT), on track for a 1.7% loss for September. Gold suffered after the Fed increased interest rates for the third time on Wednesday, which helped bolster the greenback.
  • Mexican Economy Minister Ildefonso Guajardo said on Friday that the United States and Canada are making a serious attempt to reach a deal on the North American Free Trade Agreement, saying that within 48 hours it would become clear if the deal would remain trilateral. “In the next 48 hours we will know if we’re going to go with a trilateral text (that includes Canada) or if we’re going to be forced to publish a text of the bilateral (U.S.-Mexico) deal,” Guajardo told lawmakers.
  • Oil prices were higher on Friday as supply concerns weighed and investors looked ahead to weekly rig count data. West Texas crude oil futures for November rose 0.22% to $72.28 a barrel as of 9:54 AM ET (13:54 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.69% to a four-year-high of $81.94. Late on Wednesday, the U.S. said it would not increase supply to offset the decrease in production.

GOLD TRADING FORECAST TODAY

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28Sep

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices dipped below the psychologically important $1,200 level on Thursday, finding little support after the Federal Reserve raised interest rates and indicated that it remains on track to continue monetary tightening into next year. The Fed raised interest rates by a quarter point to 2.25% on Wednesday, its third rate hike this year and its eighth since 2015. In its statement, the Fed said it still foresees another rate hike in December followed by three more in 2019, and one additional increase in 2020.
  • Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to limit output next year to balance global supply and demand as the United States pumps more crude. The kingdom, OPEC’s top producer, came under renewed pressure last week from U.S. President Donald Trump to cool oil prices ahead of a meeting in Algiers between a number of OPEC ministers and allies including Russia.
  • Oil prices were hovering near the $82 a barrel level on Thursday, close to the four year highs reached earlier in the week amid fears of a supply shortage as the U.S. prepares to re-impose sanctions on Iran from Nov. 4. London traded Brent crude futures were up 0.71% to $81.36 a barrel from their last close by 07:51 AM ET (11:51 AM GMT), holding below the high of $82.55 reached Tuesday, the most since November 2014.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Canada’s Prime Minister Justin Trudeau on Thursday dismissed U.S. President Donald Trump’s criticism of the slow pace of talks to modernize the North American Free Trade Agreement, saying Canadians were tough negotiators. Trudeau spoke a day after Trump blasted Canada’s negotiating position, said he had rejected the Canadian leader’s request for a one-on-one meeting and threatened to impose tariffs on cars imported from Canada.
  • EU officials were waiting anxiously on Thursday for the eurosceptic Italian government’s decisions on its deficit targets for next year, which could challenge the bloc’s fiscal rules and further rattle markets. Fearing that public statements from Brussels could inflame the eurosceptic wave in Italy, they have largely preferred to maintain silence, but informally admit “concerns” for its economy and the risk of spillovers into other euro zone countries.
  • Financial policymakers need more tools and data to regulate investment funds and other so-called “shadow banks” after a boom in the industry, European Central Bank President Mario Draghi said on Thursday. “The growth in importance of the non-bank financial sector requires commensurate additions to the policy toolkit,” Mario Draghi told an event at the ECB. “Policymakers also need access to – and the ability to process and understand – high-quality data to underpin their decisions.”

COMEX GOLD SIGNAL

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27Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices slipped lower on Wednesday, but held above the psychologically important $1,200 level , as investors awaited the conclusion of the Federal Reserve meeting later in the day, when it was widely expected to deliver its third rate hike this year. December gold futures were down $2.20 or 0.19% to $1,203.90 by 07.15 AM ET (11.15 GMT) on the Comex division of the New York Mercantile Exchange.
  • West Texas Intermediate oil remained lower in North American trade on Wednesday, as data showed that oil supplies in the U.S. fell more than expected. Crude oil for November delivery on the New York Mercantile Exchange were mostly unchanged, falling 0.62% to trade at $71.81 a barrel by 10:32 AM ET (14:32 GMT) compared to $71.72 prior.
  • China’s soybean processors are snapping up record volumes of Brazilian cargoes for shipment in the fourth quarter, curbing purchases of U.S. crops in North America’s peak marketing season as the trade war between Washington and Beijing intensifies. That shift away from U.S. beans by China, which takes more than 60 percent of the commodity traded worldwide, will pile further pressure on benchmark Chicago Board of Trade prices after they plumbed 10-year lows last week

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  •  Ireland’s Sharon Donnery and Italy’s Andrea Enria are both likely to be shortlisted by the European Central Bank to head its bank supervision arm from next year, two sources familiar with the process said on Wednesday. The ECB’s Governing Council was to decide on the shortlist later in the day, then consult a European Parliament committee before narrowing down the list to a single candidate later this autumn.
  • Europe’s banking watchdog has backed a recommendation by the Maltese financial regulator to withdraw Pilatus Bank’s banking license following the indictment of its chairman for money laundering. EBA’s move puts pressure on the European Central Bank which is expected to make a decision on whether to withdraw Pilatus’s license as early as this week. A spokesman for the ECB declined to comment.
  • China will cut import tariffs on goods including machinery, paper, textiles and construction materials from Nov. 1, in a move that would lower costs for consumers and companies as a trade war with the U.S. deepens. The decision will lower tariffs for 1,585 products, state radio reported, citing a meeting of the State Council. The combination of these and other tariff cuts this year will lower the tax burden on consumers and companies by about 60 billion yuan ($8.7 billion), the radio reported.

GOLD TRADING FORECAST TODAY

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

26Sep

Singapore Stocks Watch: STI resumes Wednesday evening at 3,260.12, up 0.7%

Singapore Stocks Watch:
SINGAPORE stocks continued exchanging higher after Wednesday’s meal break, with the benchmark Straits Times Index climbing 24.04 focuses, or 0.7 for every penny, to 3,260.12 as at 1.02pm.

Gainers dwarfed failures 182 to 132, as 624.3 million offers worth some S$463.5 million altogether changed hands.

The most effectively exchanged counter was Marco Polo Marine with 47.71 million offers exchanged, facilitating 3.45 for each penny or 0.1 Singapore penny to 2.8 Singapore pennies. Different actives included Nico Steel with 24.24 million units exchanged, level at 0.5 Singapore penny; and Thomson Medical with 21.48 million offers evolving hands, up 2.67 for each penny, or 0.2 Singapore penny, to 7.7 Singapore pennies.

Among dynamic record stocks, Singtel included 0.63 for each penny, or two Singapore pennies, to S$3.22, while OCBC Bank increased 0.7 for each penny, or eight Singapore pennies, to S$11.53

Stocks to watch: Sasseur Reit, Sapphire Corp, Datapulse, OUE

Sasseur Reit: An auxiliary of Chinese outlet shopping center trust Sasseur Reit is being sued for 148.4 million yuan (S$29.5 million) and lawful costs, its supervisor said. Units shut on Tuesday at S$0.73 each, down a large portion of a Singapore penny, or 0.68 for every penny.

Sapphire Corp: Mainboard-recorded development bunch Sapphire Corp has anchored a 64 million yuan (S$12.7 million) contract to overhaul a water treatment office in Chengdu, and will perceive income in light of the dynamic fulfillment of the task throughout the following a half year. Sapphire keep going exchanged at S$0.127 on Monday.

Datapulse Technology: Erstwhile circle drive producer Datapulse Technology has settled a slander guarantee against fence stock investments Ascapia Capital, with the two gatherings concurring not to put forth any further expressions about one another, after the question was alluded to intercession. The counter finished unaltered at S$0.27 on Tuesday.

OUE: An OUE unit went into a restrictive deal and buy concession to Tuesday with Asiatower Sudirman for 8,000 sq m of business arrive in South Jakarta, with a sticker price of 1.63 trillion rupiah (S$150 million) in promissory notes. OUE plunged 0.65 for each to S$1.53 on Tuesday, before the news.

To get more updates on Singapore Stocks Watch and best Singapore Stocks Tips, Click here SGX Stock Tips

26Sep
trading-forex-with-europefx

Forex Report| Epic Research

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Slides to Day’s Lows Ahead of Fed Meeting
Forex – EUR/USD clings to gains near 1.1770, US data eyed
Forex – GBP/USD now faces some consolidation – UOB

EUR/USD

EUR/USD alternates gains with losses during the first half of the week and keeps navigating the 1.1760/70 band ahead of the opening bell in Wall Street. The pair continues to navigate in the upper end of the recent range near 1.1800 the figure, although a sustainable breakout of this key resistance still remains elusive. Spot is attempting a very near term sideline theme as global markets expect the Fed decision on rates tomorrow, while jitters on the US-China trade front look mitigated for the time being. In this regard, it is worth mentioning that China cancelled its talks with the US and they’re likely to resume at some point after the US midterm elections. In the meantime, EUR faded part of the Draghi-led recent gains to 1.1800 and above amidst some pick up in the demand for the greenback and a cautious trade ahead if the FOMC gathering on Wednesday. The pair keeps its gains in the 1.1760/70 band ahead of NA open. The greenback remains sidelined above the 94.00 mark.

GBP/USD

“GBP closed higher by +0.59% (NY close of 1.3118) as it recovered some of last Friday’s steep loss. The price action is deemed as part of an on-going consolidation phase. In other words, GBP is expected to trade sideways from here, albeit likely at slightly higher range of 1.3085/1.3180”. Next 1-3 weeks: “In our last update, we expected GBP to extend its gains to the July’s peak of 1.3363. GBP subsequently staged an outsized decline that easily took out the 1.3170 ‘key support’ (low of 1.3041 on Friday). While there is no change to the neutral outlook, the break of the ‘key support’ indicates that GBP has likely made a short-term top at 1.3295 last week. The current movement is viewed as the early stages of a consolidation phase and GBP is expected to trade sideways to slightly lower from here, likely within a broad 1.3020/1.3220 range”.

 

26 fx

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